Monument Bank, ‘the bank for the mass affluent’, has appointed Xavier De Pauw as director of lending.

De Pauw joins from Kennek, a VC-backed FinTech that he co-founded to build private credit infrastructure connecting non-bank lenders with institutional capital.

The platform onboarded approximately 30 lenders managing £1 billion in loans, specialising in UK bridging and development finance.

Earlier in his career, De Pauw co-founded MeDirect Bank, a PE-backed, ECB-regulated challenger bank focused on mass-affluent clients, deploying €6 billion across asset-backed structures, residential mortgages, leveraged finance loans and covered bonds.

As CEO of MeDirect Bank Belgium, he built the lending, credit investment business and digital mass-affluent savings & investment businesses while contributing to growing the group to 250 employees across three countries. He grew MeDirect Bank Belgium from zero to €1.5 billion in client deposits and investments over four years.